&\multicolumn{2}{c}{1st quarter} &\multicolumn{2}{c}{2nd quarter} &\multicolumn{2}{c}{3rd quarter} &\multicolumn{2}{c}{4th quarter}  \\       
 \cmidrule(lr){2-3}                           \cmidrule(lr){4-5}                           \cmidrule(lr){6-7}                               \cmidrule(lr){8-9}                                                
&(1) &(2)                                            &(3) &(4)                                                &(5) &(6)                                        &(7) &(8)                                             \\ \hline

\addlinespace[0.75em] Treatment&        3104         &        3104         &       -8705         &       -8705         &        7396         &        7396         &       36341         &       36341         \\
            &      (9574)         &      (9068)         &     (35313)         &     (31098)         &     (51407)         &     (45061)         &     (54269)         &     (49651)         \\

\addlinespace[0.75em] Number of observations&          42         &          42         &          42         &          42         &          42         &          42         &          42         &          42         \\
Adjusted R-squared&      -0.022         &       0.083         &      -0.023         &       0.206         &      -0.024         &       0.213         &      -0.014         &       0.152         \\
\addlinespace[0.75em] Mean dep.\ var.\ control group&       13131         &                     &       72590         &                     &      106049         &                     &      108386         &                     \\
SD dep.\ var.\ control group&       25074         &                     &      128108         &                     &      171242         &                     &      170013         &                     \\
\addlinespace[0.75em] Province fixed effects&                     &  \checkmark         &                     &  \checkmark         &                     &  \checkmark         &                     &  \checkmark         \\
[0.25em] \hline \hline \\[-1.8ex]
